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Benzinga
Benzinga
Business
Wayne Duggan

Coinbase Short Sellers Take $363M Hit, Making It A 'Certain Squeeze Stock'

Coinbase COIN Ihor Dusaniwsky NYSE BlackRock BlackRock Inc Coinbase Global Inc Nasdaq Crypto

It’s been a rough year for Coinbase Global Inc (NASDAQ:COIN) investors, with the stock down more than 64% year-to-date overall even after a big 41.2% gain this week following a new cryptocurrency deal with BlackRock Inc (NYSE:BLK).

While Coinbase bulls celebrate the long-awaited good news, Coinbase short sellers are getting torched.

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